Income Tax Department press release dated January 20, 2010 on TDS

Written on February 26, 2010 – 11:16 am | by admin |

As per new provision of tax deduction at source (TDS) under the Income Tax Act 1961 effective from April 1, 2010, TDS at higher of the prescribed rate or 20% will be deducted on all transactions liable to TDS, where the Permanent Account Number (PAN) of the deductee is not available.
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Income-tax ( First Amendment) Rules, 2010 (TDS/TCS Rules)

Written on February 25, 2010 – 3:47 pm | by admin |

Notification has been issued by Ministry of Finance, CBDT, amending the rules regarding Time and mode of payment to Government account of tax deducted/collected at source or tax paid under Section 192/206C, Certificates of tax deducted/collected at source or tax paid, Quarterly statement of deduction/collection of tax.
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